According to analyst firm IDC, overall security spending is expected to reach nearly $1 billion in Brazil this year, an increase of 10% in relation to 2020.
Of that total, spending on security solutions will reach $860 million, the analyst said, with cloud security becoming a key area of focus for Brazilian IT decision-makers.
According to IDC, 2022 will see firms dealing with an increasing number of cyberattacks, a trend that has gathered pace since the start of the COVID-19 pandemic. The research added that managed detection and response (MDR) services will continue to gain ground as the demand for skilled professionals intensifies.
